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The Parliament of the
Commonwealth of Australia
HOUSE OF REPRESENTATIVES
As passed by both Houses
VET Student Loans (VSL Tuition Protection Levy) Bill 2020
No. , 2020
A Bill for an Act to impose VSL tuition protection levy, and for related purposes
Contents
Part 1—Preliminary 1
1............ Short title............................................................................................. 1
2............ Commencement................................................................................... 2
3............ Crown to be bound............................................................................. 2
4............ Act does not impose tax on property of a State................................... 2
5............ Definitions.......................................................................................... 2
Part 2—VSL tuition protection levy 5
6............ Imposition of VSL tuition protection levy........................................... 5
7............ Amount of VSL tuition protection levy............................................... 5
8............ Administrative fee component............................................................. 5
9............ Legislative instrument for purposes of section 8................................. 6
10.......... Indexation of administrative fee components etc................................. 6
11.......... Risk rated premium component........................................................... 8
12.......... Special tuition protection component................................................... 9
13.......... Legislative instrument for purposes of section 11 or 12...................... 9
Part 3—Other matters 11
14.......... Exemptions....................................................................................... 11
15.......... Regulations....................................................................................... 11